ChoicePoint Inc. (NYSE:CPS) Chairman Jeffrey S. Edwards bought 13,200 shares of ChoicePoint stock in a transaction dated Wednesday, November 7th. The stock was purchased at an average price of $74.12 per share, with a total value of $978,384.00. Following the purchase, the chairman now directly owns 100,676 shares in the company, valued at approximately $7,462,105.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NYSE CPS opened at $73.34 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.67 and a debt-to-equity ratio of 0.80. ChoicePoint Inc. has a 52 week low of $68.32 and a 52 week high of $146.77. The stock has a market capitalization of $1.34 billion, a P/E ratio of 7.06 and a beta of 1.03.
ChoicePoint (NYSE:CPS) last announced its quarterly earnings data on Friday, November 2nd. The auto parts company reported $1.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.21 by ($1.16). ChoicePoint had a net margin of 4.31% and a return on equity of 22.00%. The company had revenue of $861.70 million during the quarter, compared to analyst estimates of $851.09 million. During the same quarter last year, the business earned $2.11 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. As a group, research analysts anticipate that ChoicePoint Inc. will post 10.26 EPS for the current fiscal year.
CPS has been the subject of several recent analyst reports. Roth Capital set a $130.00 target price on shares of ChoicePoint and gave the stock a “buy” rating in a research note on Thursday, November 1st. Zacks Investment Research cut shares of ChoicePoint from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Bank of America restated an “underperform” rating and issued a $77.00 target price (down previously from $90.00) on shares of ChoicePoint in a research note on Monday, November 5th. Buckingham Research cut shares of ChoicePoint from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $140.00 to $76.00 in a research note on Monday, November 5th. Finally, ValuEngine cut shares of ChoicePoint from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $104.25.
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ChoicePoint Company Profile
Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems worldwide. It operates in four segments: North America, Europe, Asia Pacific, and South America. The company's sealing systems include dynamic and static seals, encapsulated glasses, stainless steel trims, flush glass systems, variable extrusions, and specialty sealing products.
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